SIMPKINS NEIL P 4

What Happened
Neil P. Simpkins, a director of Gates Industrial Corp plc (GTES), received a grant of 11,623 restricted stock units on 2026-03-04. The award is reported as an acquisition (code A) at $0.00 per unit; each TBRSU is a contingent right to receive one ordinary share if vesting conditions are met. This is a compensation award (not an open‑market purchase or sale).

Key Details

• Transaction date: 2026-03-04; Filing date: 2026-03-06 (appears timely).
• Instrument: 11,623 time‑based restricted stock units (TBRSUs), reported at $0.00.
• Vesting: Per footnote, TBRSUs vest on the first anniversary of the grant (see F1).
• Shares owned after transaction: Not specified in the provided excerpt.
• Beneficial ownership: Reporting person disclaims beneficial ownership except for any pecuniary interest (see F2).

Context
TBRSUs are a form of equity compensation that convert to shares only if vesting conditions are met; they do not represent immediate stock purchases or sales and therefore are not a direct market sentiment signal. The award increases potential future share holdings if Simpkins remains eligible through the vesting date.